DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Up 84.9% in March

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 12,283 shares, a growth of 84.9% from the March 15th total of 6,642 shares. Based on an average trading volume of 78,587 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

DoubleLine Mortgage ETF Stock Down 0.0%

NYSEARCA DMBS opened at $49.42 on Monday. DoubleLine Mortgage ETF has a 1-year low of $47.58 and a 1-year high of $50.54. The firm’s fifty day simple moving average is $49.72 and its 200-day simple moving average is $49.77.

DoubleLine Mortgage ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.2122 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On DoubleLine Mortgage ETF

A number of hedge funds have recently modified their holdings of the stock. Gradient Investments LLC increased its stake in shares of DoubleLine Mortgage ETF by 10.2% in the fourth quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock worth $131,756,000 after acquiring an additional 246,617 shares during the last quarter. Advocacy Wealth Management LLC acquired a new position in shares of DoubleLine Mortgage ETF in the fourth quarter worth $48,488,000. Cobblestone Capital Advisors LLC NY increased its stake in shares of DoubleLine Mortgage ETF by 0.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 954,379 shares of the company’s stock worth $47,414,000 after acquiring an additional 3,946 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of DoubleLine Mortgage ETF in the fourth quarter worth $46,036,000. Finally, Osaic Holdings Inc. increased its stake in shares of DoubleLine Mortgage ETF by 5.4% in the fourth quarter. Osaic Holdings Inc. now owns 781,023 shares of the company’s stock worth $38,782,000 after acquiring an additional 40,253 shares during the last quarter.

DoubleLine Mortgage ETF Company Profile

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.